Ladies and gentlemen, we are here, another beautiful August day, observing and remaining patient shall be the name of the game. Hold on to your horses, don't let the devil tempt you into a long as the set up is serendipitously becoming more real. Multiple Levels of confluence. A rejection at a key monthly level of resistance. The weekly dynamic TL has been...
If you’ve been reading and following the last couple posts you would know that we are disliking the US dollar against the looney. If you haven’t thats ok, just make sure you check em out after this. It adds further confirmation to the ideas presented. If your dinner has been served and you’re ready to keep things simple then look at the weekly index for the...
USD/CAD has respected a rising trend line for the last three weeks with multiple touches and confirmations. Since then, price action stalled at the .768 fib level and weekly candle closed with a break below the RIsing TL with a long upper wick, signaling exhaustion and a turn in market sentiment. Looking for shorts at 1.325 and pushing for a retest of the 1.30...